Correction: no buyer named yet for Marion newspaper

Dateline: Wed 23 May 2007

Here is a link to the article from the Marion Chronicle Tribune regarding that paper's pending sale by Gannett:

As C-T reporter Sean F. Driscoll points out in an email to me, no buyer has been named yet. I was incorrect in saying that GateHouse Media is buying the Marion paper, altho, as Driscoll reports, Gannett recently sold four other papers to GateHouse:

"None of the other Gannett newspapers in Indiana, including The Star-Press in Muncie, were affected by the sale. Gannett completed a deal May 7 that sent four other newspapers to GateHouse Media for $410 million, including the Norwich Bulletin in Connecticut; the Rockford Register Star in Illinois; the Observer-Dispatch in Utica, N.Y.; and The Herald-Dispatch in Huntington, W. Va."

So who will buy the Marion paper? That's anybody's guess, but the implication is that the paper isn't making money. Driscoll reports that effective Monday, the paper was "donated to the Gannett Foundation, the nonprofit arm of the company, which will then sell the paper."

Driscoll says that proceeds will go the the Gannett Foundation, which in the past has contributed to various social service agencies and community projects in Grant County, one of the areas in the state hit hardest by job loss and a depressed economy.

I used to read the Marion paper regularly when I visited family in Jonesboro in Grant County. I always liked it and I wish the 75 employees there the best. These are hard times for newspapers, and we need all the good news we can get.


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